Morningstar

Columbia Floating Rate Fund Institutional Class CFRZX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $32.40  /  −0.09 %
  • Fund Size $713.5M
  • Adjusted Expense Ratio 0.760%
  • Net Expense Ratio 0.750%
  • Fee Level: Distribution Above Average
  • Share Class Type Institutional
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $2,000
  • Investment Status Open
  • TTM Yield 6.56%
  • Average Effective Duration 0.15 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis CFRZX

Will CFRZX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CFRZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CFRZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CFRZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A stabilizing team with more to prove.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

The bank-loan portfolio-management group leading Columbia Floating Rate appears to be on a more steady footing; the retooled team must now show they can execute on a consistent basis.

by River Meng
Rated on Published on

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Portfolio Holdings CFRZX

More CFRZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Columbia Short-Term Cash

3.15 22M
Cash and Equivalents

Ultimate Software Ukg Tlb 2.5

0.80 5M
Corporate

DAWN BIDCO LLC TLB 3.0

0.71 5M
Corporate

TK ELEVATOR MIDCO GMBH TLB 2.75

0.67 5M
Corporate

INDY US BIDCO LLC TLB 2.25

0.66 5M
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Sedgwick Claims Mgmt Tlb 2.5

0.65 4M
Corporate

PROOFPOINT INC TLB 3.0

0.65 4M
Corporate

Ascend Learning Llc Tlb 3.0

0.64 4M
Corporate

GAIA PURCHASER INC TLB 4.0

0.63 4M
Corporate

DECHRA PHARMA HOL LTD TLB 2.75

0.63 4M
Corporate

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